Understand How The Digital X-ray Devices Market Is Poised To Grow Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Digital X-ray Devices Global Market Report 2023, the digital X-ray devices market is expected to show significant growth in the forecast period.
The global digital X-ray devices market has witnessed remarkable growth, surging from $10 billion in 2022 to $10.87 billion in 2023, boasting a substantial compound annual growth rate (CAGR) of 8.8%. The growth trajectory is anticipated to persist, with projections indicating a market size of $15.45 billion by 2027, supported by a projected CAGR of 9.2%.
Road Accidents Amplifying Demand
The Catalyst: Rising Road Accident Cases
The upswing in road accidents is poised to be a significant driver for the digital X-ray devices market in the coming years. Road accidents, defined by patients meeting Vittel criteria for trauma severity following a motor vehicle crash, are creating a heightened demand for digital X-ray devices. Notably, the United States experienced a concerning spike in road fatalities in the first half of 2021, recording over 20,000 deaths—an alarming 20% increase from the same period in 2020. This surge in road accidents underscores the critical role of digital X-ray devices in trauma assessment and treatment.
Key Players Shaping the Market
Major players in the digital X-ray devices market include:
- Siemens Healthineers
- Koninklijke Philips N.V.
- GE Healthcare
- Canon, Inc.
- Carestream Health
- FUJIFILM Holdings Corporation
- Shimadzu Corporation
- Hologic Inc.
- Samsung Medison
- Konica Minolta
- Hitachi Ltd.
- Shenzhen Mindray Bio-Medical Electronics Co.
- Varex Imaging Corporation
- MinXray, Inc.
- Agfa-Gevaert Group
Technological Marvels: AI Integration
Trending Innovation: Artificial Intelligence in Digital X-ray Devices
Technological advancements stand as a pivotal trend, with a particular focus on the integration of artificial intelligence (AI) in the digital X-ray devices market. The incorporation of AI presents a myriad of opportunities for enhancing the functionality of digital X-ray devices across various applications. For instance, Nanox, an innovative medical imaging technology company, introduced a cloud-based software in January 2020. This software offers end-to-end medical imaging services, encompassing radiologist matching, online and offline diagnostics review and annotation, connectivity to diagnostic assistive AI systems, billing, and reporting. By leveraging AI, digital X-ray devices can detect coefficients and minimize diagnostic errors, contributing to the growth of the market on a global scale.
Segmentation Insights: Navigating Diversity
Unveiling Diversity: Market Segmentation
The global digital X-ray devices market is segmented based on:
- Direct Radiography
- Computed Radiography
- Handheld Systems
- Portable X-Ray Systems
- Mobile X-Ray Systems
- Floor-to-ceiling Mounted Systems
- Ceiling Mounted Systems
- Fixed Digital X-Ray Systems
- General Radiography
- Chest Imaging Applications
- Orthopedic Applications
- Cardiovascular Imaging
- Other General Radiography Applications
- Dental Applications
- End Users:
- Diagnostic Centers
- Dental Care Centers
Regional Dynamics: North America at the Helm
Leading and Growing: North America’s Role
As of 2022, North America emerged as the largest region in the digital X-ray devices market, holding a significant share. Furthermore, it is anticipated to continue its dominance as the fastest-growing region in the forecast period. The robust growth in North America underlines the region’s pivotal role in shaping the overall landscape of the digital X-ray devices market.
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The Digital X-ray Devices Global Market Report 2023 provides an in-depth analysis on the digital X-ray devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the digital X-ray devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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